Kenya: President Ruto Assents to Supplementary Appropriation, Division of Revenue Bills

  • 📰 allafrica
  • ⏱ Reading Time:
  • 23 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 99%

Africa News

President William Ruto has signed into law the Supplementary Appropriation Bill to release funds for government expenditure for the financial year that is ending June 30.

The law mandates the National Treasury to authorize the issuance of Sh 102,305,909,030 out of the Consolidated Fund and apply it towards various government departments.

Recurrent expenditure has increased on the recurrent budget by Sh51.12 billion which negates efforts by President Ruto's administration to reduce huge wage bill. The State Department for Arid and Semi-Arid Areas and Regional Development for humanitarian will receive Sh4.3 billion to support those affected by floods.The Ministry of Roads and Transport will receive Sh1 billion for emergency rehabilitation of roads affected by the floods.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kenya: President Ruto Signs Division of Revenue Bill Into LawPresident William Ruto has assented the Division of Revenue Bill,2024,which paves way for the submission of financial estimates for the financial year 2024/2025.
Source: allafrica - 🏆 1. / 99 Read more »